We are live on ! Find out more
PPA icon

Invesco Aerospace & Defense ETF
PPA

446 hedge funds and large institutions have $3.65B invested in Invesco Aerospace & Defense ETF in 2025 Q3 according to their latest regulatory filings, with 61 funds opening new positions, 197 increasing their positions, 103 reducing their positions, and 34 closing their positions.

New
Increased
Maintained
Reduced
Closed

91% more repeat investments, than reductions

Existing positions increased: 197 | Existing positions reduced: 103

79% more first-time investments, than exits

New positions opened: 61 | Existing positions closed: 34

17% more capital invested

Capital invested by funds: $3.13B → $3.65B (+$519M)

13% more funds holding in top 10

Funds holding in top 10: 8 → 9 (+1)

4% more funds holding

Funds holding: 427 → 446 (+19)

0.09% more ownership

Funds ownership: 55.1% → 55.19% (+0.09%)

39% less call options, than puts

Call options by funds: $62.8M | Put options by funds: $103M

Holders
446
Holders Change
+19
Holders Change %
+4.45%
% of All Funds
5.85%
Holding in Top 10
9
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+12.5%
% of All Funds
0.12%
New
61
Increased
197
Reduced
103
Closed
34
Calls
$62.8M
Puts
$103M
Net Calls
-$40.3M
Net Calls Change
-$35.9M

Top Buyers

1
Bank of America
Bank of America
North Carolina
+$25.5M
2
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
+$23.5M
3
Ameriprise
Ameriprise
Minnesota
+$17.9M
4
Mirae Asset Global Investments
Mirae Asset Global Investments
South Korea
+$14.5M
5
QC
Quadrature Capital
United Kingdom
+$14.4M

Top Sellers

1
KAS
Kestra Advisory Services
Texas
-$34.2M
2
MCM
MAI Capital Management
Ohio
-$7.55M
3
NG
Norden Group
Utah
-$6.64M
4
CAAS
Capital Asset Advisory Services
Michigan
-$4.16M
5
AWM
Axxcess Wealth Management
California
-$3.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
MWM
251
Mission Wealth Management
California
$467K +$145K +987 +49%
PI
252
PFG Investments
New York
$453K +$84.6K +575 +25%
EWA
253
Exit Wealth Advisors
Georgia
$447K +$423K +2,878 New
WC
254
Waterloo Capital
Texas
$447K +$173K +1,175 +69%
NRI
255
NFP Retirement Inc
California
$443K +$1.18K +8 +0.3%
WSC
256
Wellington Shields & Co
New York
$430K +$54.6K +371 +16%
PA
257
PFG Advisors
Arizona
$425K -$29K -197 -7%
CFP
258
Curran Financial Partners
South Carolina
$420K +$23K +156 +6%
AFW
259
Atlantic Family Wealth
Florida
$419K +$158K +1,076 +66%
SW
260
SteelPeak Wealth
California
$417K +$147 +1 +0%
ACM
261
Advisors Capital Management
New Jersey
$415K +$24.3K +165 +7%
LI
262
LVZ Inc
Michigan
$410K – – –
MWM
263
MinichMacGregor Wealth Management
New York
$405K -$21K -143 -5%
FCA
264
Fortis Capital Advisors
Kansas
$395K +$11.9K +81 +3%
Pathstone Holdings
265
Pathstone Holdings
New Jersey
$388K +$20.7K +141 +6%
HWM
266
HB Wealth Management
Georgia
$384K +$363K +2,470 New
SMC
267
Smith, Moore & Co
Missouri
$377K +$11.5K +78 +3%
AF
268
Allworth Financial
California
$374K +$736 +5 +0.2%
IA
269
IAM Advisory
Pennsylvania
$373K +$1.03K +7 +0.3%
CAS
270
Coppell Advisory Solutions
Texas
$370K – – –
SF
271
Summit Financial
New Jersey
$359K +$26.3K +179 +8%
HIC
272
Holderness Investments Company
North Carolina
$357K +$588 +4 +0.2%
PWP
273
Prasad Wealth Partners
Ohio
$353K -$2.94K -20 -0.9%
MWM
274
Modera Wealth Management
New Jersey
$352K – – –
SIM
275
Stratos Investment Management
Ohio
$351K -$2.3M -15,660 -87%
9 10
11
12 13

PPA Hedge Fund Activity: Q3 2025 in Review

446 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Invesco Aerospace & Defense ETF (PPA) for Q3 2025, worth a combined $3.65B — up 17% from $3.13B a quarter earlier.

Buyers outnumbered sellers: 61 funds opened new PPA positions and 34 closed out — a net gain of 27 holders — while 197 added to existing stakes and 103 trimmed.

The largest buyer was Bank of America, adding an estimated $25.5M. The largest seller was Kestra Advisory Services, cutting an estimated $34.2M.

  • 446 institutional investors held Invesco Aerospace & Defense ETF (PPA) as of Q3 2025, up from 427 in Q2 2025.
  • Funds reported $3.65B of Invesco Aerospace & Defense ETF stock for Q3 2025, up 17% quarter-over-quarter.
  • 61 funds opened new Invesco Aerospace & Defense ETF positions in Q3 2025 and 34 closed out, a net change of +27 holders.
  • The largest Invesco Aerospace & Defense ETF buyer in Q3 2025 was Bank of America, an estimated $25.5M added.
  • The largest Invesco Aerospace & Defense ETF seller in Q3 2025 was Kestra Advisory Services, an estimated $34.2M sold.

Based on aggregated 13F filings for Q3 2025.